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Enter Symbol:
 
Weatherford International, Inc. (WFT) [hlAlert]

Rating:
Outperform
WFT
down 70.01 %

Weatherford International, Inc. (WFT) rated Outperform with price target $91 by Friedman Billings

Posted on: Tuesday,  Apr 22, 2008  8:25 AM ET by Friedman Billings

Friedman Billings rated Outperform Weatherford International, Inc. (NYSE: WFT) on 04/22/2008. Previously Friedman Billings rated Outperform Weatherford International, Inc. (NYSE: WFT) on
01/28/2008., when the stock price was $30.98. Since then, Weatherford International, Inc. has lost 70.01% as of 10/27/2015's recent price of $9.29.
If you would have followed the previous Friedman Billings's recommendation on WFT, you would have lost 70.01% of your investment in 2829 days.

Weatherford International Ltd . is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. The Company operates in approximately 100 countries, which are located in nearly all of the oil and natural gas producing regions in the world. Its geographic reporting segments include North America, Latin America, Europe/West Africa/the Commonwealth of Independent States (CIS) and Middle East/North Africa/Asia. The Company?s product offerings are grouped into 10 service lines: artificial lift systems; drilling services; well construction; drilling tools; completion systems; wireline and evaluation services; re-entry and fishing; stimulation and chemicals; integrated drilling, and pipeline and specialty services. In August 2008, the Company acquired International Logging, Inc. (ILI). In January 2008, it sold its electrical submersible pumps (ESP) product line to Premier Business Solutions (PBS).

FBR Capital Markets is a full service investment banking, institutional sales, trading and research and asset management firm with a customer-focused and innovative approach to meeting its clients needs. It focuses its banking, advisory, trading and research efforts on seven broad industry sectors including consumer, diversified industrials, energy & natural resources, financial institutions, insurance, real estate and technology, media & telecom. With our headquarters in the Washington, D.C. metropolitan area, our Economic and Washington Policy Analysis groups offer clients a comprehensive overview of national economic trends along with a unique perspective on the impact that legislation and regulation will have on industry sectors and individual companies
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/22/2008 8:25 AM Buy
None
42.06 45.50
as of 12/24/2008
1 Week up  18.03 %
1 Month up  36.22 %
3 Months up  60.46 %
1 YTD down  -50.25 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/28/2008 8:25 AM Buy
None
30.98 37.50
10/23/2007 9:25 AM Hold
None
32.04 32.00
7/25/2007 9:25 AM Hold
None
28.38 31.00

(*) Stock Price at the time of the recommendation.
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